Cryptocurrency Injective Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Injective (INJ), a cryptocurrency, has experienced a significant price drop of 7.99% in the last 24 hours, reaching $31.48. This decline is part of a larger downward trend over the past week, with a total decrease of 21.0%. Despite the decrease in trading volume by 6.0%, the circulating supply of INJ has increased by 4.89%, now totaling 88.39 million. The market cap of Injective is currently $2.79 billion, ranking it at #29.
January 23, 2024 | 7:00 pm
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Injective (INJ) has seen a significant price drop of 7.99% in the last 24 hours, with a 21% decrease over the past week. The trading volume has decreased, while the circulating supply has increased.
The sharp decline in price and trading volume for Injective (INJ) suggests a bearish short-term sentiment among investors. The increase in circulating supply could further dilute the value, potentially leading to continued downward pressure on the price.
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